Categories Economy, Narrative, Office Market, Office Trends

Top 10 Issues Affecting Real Estate

The Counselors of Real Estate (of which Andrew and I are proud members) have released their annual top 10 issues affecting real estate.  Please read the whole article below.  As you can imagine, COVID-19 is currently leading the way on issues affecting real estate. Big shocker.  We have written about the pandemic a ton in previous … Continue reading Top 10 Issues Affecting Real Estate

Categories Narrative, Office Market

1-Minute Phoenix Metro Office Market Update: Q2 2020

Not surprisingly, the Metro Phoenix office market Q2 2020 experienced plenty of highs and lows.  Office leasing slowed, but it did not stop.  Sublease space increased dramatically, but it’s not at an all-time high.  Positive COVID cases declined, then spiked here in Arizona, as they did in much of the country.  We continue to learn … Continue reading 1-Minute Phoenix Metro Office Market Update: Q2 2020

Categories Economy, Graphs, Narrative, Office Market

What is Your State’s Poor Infrastructure Costing You?

Below is an incredible graph.  States have let their infrastructure go to hell and it is costing consumers a ton of money in car damages.  Take a look below to see what your state is costing you.I also pulled cities within the Metro Phoenix market to see what individual cities are costing us. 1—Lack of … Continue reading What is Your State’s Poor Infrastructure Costing You?

Categories Economy, Narrative, Office Market, Office Trends

Most Expensive U.S. Office Submarkets

I messed up.  This is a narrative that edits what I sent over earlier this week. Below is the narrative and orange are my edits.  Sorry for sending incorrect information.  Craig Over the past several years, one of the trends my team has been tracking is the number of California companies that are moving to … Continue reading Most Expensive U.S. Office Submarkets

Categories Narrative, Office Market

1-Minute Phoenix Metro Office Market Update: Q1 2020

After a strong start to the year, COVID-19 has stamped a pause button on the majority of office deals in the market.  Closing out the first quarter, the Metro Phoenix office market absorbed just 310,280 square feet.  This is 25% of Q1 2019’s figure.  Vacancy crept up only slightly by 100 basis points to 16.2%.  … Continue reading 1-Minute Phoenix Metro Office Market Update: Q1 2020

Categories Narrative, Office Market

1-Minute Phoenix Metro Office Market Update: Q4 2019

It’s time for us to look back at the Metro Phoenix Office Market for 2019. Readers of this narrative know that I am an office broker who works every day with tenants and landlords as they navigate real estate nuances and opportunities. I (along with my incredible team) am based in Phoenix but work around the country, … Continue reading 1-Minute Phoenix Metro Office Market Update: Q4 2019

Categories Narrative, Office Market

1-Minute Phoenix Metro Office Market Update: Q3 2019

After a quiet second quarter, the Greater Phoenix office market experienced a HUGE third quarter in terms of tenant activity.   Over 1 million SF of net absorption (think job growth) was recorded in just a 90-day period, making 2019’s year-to-date net absorption 2.64 million SF – almost matching space absorbed in all of 2018, and … Continue reading 1-Minute Phoenix Metro Office Market Update: Q3 2019

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